PROTECTED SOURCE SCRIPT
מעודכן

DVI Bands

1789
A new idea of mine that I am presently experimenting on for my trades.

The DVI bands is based on my previously published DVI script:
Directional Volume Index


The Directional Volume Index (DVI) is defined as follows:
DVI = VWMA (len1) - SMA (len2), where by default, len1==len2

  • The position of the DVI above/below the current price provides volume confirmation of the direction of the price trend.
  • The magnitude of the DVI above/below the current price provides the volume confirmation of the strength of the price trend.


The stdev band is derived from the DVI where:

* The DVI piercing the Stdev boundary suggests a significant move in the corresponding direction.
* Tightening of the DVI-Stdev bands can suggest the possible incoming of major move ahead.


The novel aspects and principles of this indicator and this source code are the property of © cybernetwork.
הערות שחרור
  • Introduced markers to indicate points where the DVI pierces above/below the upper/lower DVI-Band.
הערות שחרור
Adjusted markers plot position.
הערות שחרור
Changed default analysis length.
הערות שחרור
Adjusted size and transparency of crossover markers.
הערות שחרור
Updated vwma smoothing default.
הערות שחרור
Script now allows users to select the carrier MA mode onto which the DVI is superimposed.
הערות שחרור
Added linreg carrier mode.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.